Best Porsche Car Insurance Rates in 2024
Full coverage Porsche car insurance costs an average of $277 per month, though when you compare Porsche car insurance , the price will change depending on the of the vehicle. The most expensive Porsche to insure is the 911 Turbo S, as full coverage will an average of $372 per month.
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Justin Wright
Licensed Insurance Agent
Justin Wright has been a licensed insurance broker for over 9 years. After graduating from Southeastern Seminary with a Masters in Philosophy, Justin started his career as a professor, teaching Philosophy and Ethics. Later, Justin obtained both his Property & Casualty license and his Life and Health license and began working for State Farm and Allstate. In 2020, Justin began working as an i...
Licensed Insurance Agent
UPDATED: May 25, 2024
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Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: May 25, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
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3,607 reviews- Car insurance rates will vary based on the model of Porsche you own, with there being dozens of models currently in circulation
- The age of your vehicle will be a deciding factor in what your monthly average rates will be for Porsche car insurance
- State Farm and Farm Bureau offer the most affordable rates when it comes to Porsche models
If you’re looking to compare Porsche car insurance rates, you’ll need to know that finding cheap car insurance rates will depend on a number of factors, including the model that you own or want to purchase. It will also depend on the age of the vehicle.
In addition to the type of vehicle you drive, rates will depend on the coverage you want as well. Full coverage car insurance tends to cost more than the minimum often required by states.
Read on to learn about the best Porsche car insurance, from what coverages you should carry on your Porsche to Porsche rates by model.
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Porsche Car Insurance Rates
The average price to insure a Porsche is around $277 each month, though this will differ based on a few factors. The car insurance companies you request quotes from will also provide varying rates, as each company has preferred methods of deciding how customers will pay. Your rates will also depend on where you’re located and if you want the best full coverage car insurance.
As mentioned, the cost of insurance is based on the make and model of your vehicle. This means that an SUV and a sports car will have different rates, even if made by the same manufacturer. Take the 911 Turbo S and the Macan, for example, a sports car and an SUV, respectively. The 911 Turbo S will cost more to insure per month than the Macan, which means it will be harder to get cheap Porsche car insurance for a 911 Turbo S.
Car Insurance Rates for Porsche by Company
Choosing which insurance company to obtain a quote from is up to the individual. Some people prefer to go with well-known name brands, while others prefer the cheapest option to keep their Porsche car insurance costs low. Monthly rates will also be determined by whether you want full coverage or the standard liability coverage required by your state.
For Porsche owners, Farm Bureau is the cheapest option for coverage. A full coverage car insurance policy will cost around $138 per month. This also means that a non-full coverage policy will be even cheaper. Geico will have the most expensive option, being around $363 per month. This will be almost 31% more than what people pay on average.
Average Monthly Full Coverage Car Insurance Rates by Company
| Car Insurance Companies | Monthly Full Coverage Car Insurance Rates |
|---|---|
| Allstate | $318 |
| American Family | $224 |
| Farmers | $288 |
| Geico | $179 |
| Liberty Mutual | $398 |
| Nationwide | $229 |
| Progressive | $283 |
| State Farm | $235 |
| Travelers | $287 |
| Average | $260 |
Along with Farm Bureau, State Farm and Nationwide are going to be on the lower end of rates. State Farm has an average of $204 each month (read our State Farm car insurance review to learn more about the company). Nationwide, Allstate, and Progressive join Geico in being some of the more expensive options.
Nationwide offers Porsche owners an average of $300 each month for coverage, and Allstate is next with a monthly policy amount of $322 on average. Progressive is between Allstate and Geico, with a monthly average of $349.
Car Insurance Rates by Porsche Model
The average price based on varying Porsche models is around $277 each month. The Macan is one of Porsche’s compact, luxury crossover SUVs and was introduced in 2014. The average monthly Porsche Macan car insurance rates will be around $189 per month, making it the most affordable to insure (read about the best Porsche Macan auto insurance rates). The 911 Turbo S will be $372 per month — nearly double that of the Macan’s insurance price — and also the most expensive model to insure.
Car Insurance Rates for the Porsche Macan
If you own a Macan or want to purchase one, it will be the cheapest Porsche to insure. The average cost for a Macan is going to be around $189 each month. This price is going to depend on the year of the model as well as your age. Older drivers will generally pay less for car insurance. State Farm has the lowest monthly average rate at $144, and Progressive has the most expensive with a $236 monthly average.
Car Insurance Rates for the Porsche Cayenne
The Cayenne, a mid-size luxury crossover, was brought into production in 2002. For the most affordable Porsche Cayenne insurance cost, you’ll want to look into the older models, such as the 2018 or 2017. For a 2017 Cayenne, the average cost of car insurance will be around $212 each month. The average insurance cost for a Porsche Cayenne will be around $233 per month for a 30-year-old driver.
Car Insurance Rates for the Porsche 718 Cayman
The 718 Porsche Cayman is a two-seater sports car and has seen a few generations since its initial production. You’ll find that full coverage for a Cayman will be around $250 on average each month. The total will decrease the older the model, with a 2017 having a monthly policy of $224. A 2021 model will cost you $268 each month.
Car Insurance Rates for the Porsche 718 Boxster
The Porsche 718 Boxster is also a two-seater sports car and has an average monthly cost of $252 for car insurance. A 2021 model will be around $269 per month, while a 2017 will cost around $223 each month.
Car Insurance Rates for the Porsche 718 Spyder
The Porsche 718 Spyder is another sports car, with the 2023 model listed as a luxury vehicle. As with most car insurance policies, your monthly rate for car insurance will be different depending on your age and the age of your vehicle (read more about factors that affect car insurance rates). For example, a 30-year-old driver with a 2018 model of the 718 Spyder will pay $253 per month. A 45-year-old driver will pay $234 for the same model.
Car Insurance Rates for the Porsche Taycan Turbo
The average Porsche Taycan Turbo car insurance rate is around $312 each month for a 30-year-old driver. Rates significantly increase the newer Taycan models. A 2021 model will cost a 30-year-old driver $457.
Learn about the best Porsche Taycon auto insurance rates.
Car Insurance Rates for the Porsche Panamera
The Panamera is a mid to full-size luxury car that has been in circulation since 2009. On average, a 30-year-old driver will pay around $315 each month to insure a Porsche Panamera, with a newer 2021 model running just $304 per month for a driver of the same age.
What may be surprising is that car insurance for a Porsche Panamera, even an older model, will not be that much more expensive with a policy of around $306 per month. Porsche Panamera insurance rates will vary depending on the age of both the vehicle and the driver.
Car Insurance Rates for the Porsche911 Carrera
The 911 Carrera is a luxury classic car first produced in 1964, which means buying insurance for one will be expensive. For a 30-year-old driver, full coverage car insurance will cost around $335 each month, while a 45-year-old driver can expect to pay $311.
Car Insurance Rates for the Porsche 911 Turbo S
As the most expensive model of Porsche to insure, the 911 Turbo S can see average monthly insurance rates of $387 for a 30-year-old driver. A 45-year-old driver can expect to pay around $358 per month. This being the average, prices will increase with the newer models.
Explore Porsche Car Insurance Rates Across Models
Introducing a comparison of Porsche car insurance rates by model. Explore insurance costs for popular models like the Macan, Panamera, and Taycan to find the best coverage for your Porsche.
| Compare Porsche Car Insurance Rates by Model |
|---|
| Porsche Macan |
| Porsche Panamera |
| Porsche Taycan |
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Car Insurance From Porsche
Porsche does offer car insurance directly, underwritten by Mile Auto Insurance. However, there are a few things to keep in mind.
- Direct insurance through Porsche is only available in five states.
- You must provide a Porsche-specific VIN to prove that you own a Porsche.
- There are not many coverage options, and opportunities for obtaining car insurance discounts are also limited.
There are some upsides to this direct coverage route as well. You can select pay-per-mile as well as more traditional insurance. If you drive your Porsche sparingly, this can save you money on your policy.
You also can utilize a Porsche-approved collision center in the event your vehicle is damaged, where you’ll be able to have repairs made using manufacturer-approved parts. You also have the ability to select the value of your vehicle up to and including any custom modifications you have made.
The Bottom Line on Porsche Car Insurance
There are many models of Porsche, all with their own unique monthly car insurance rates. These rates won’t just depend on the model of your vehicle but the age and the amount of coverage you need as well. Insurance companies will also take your age into consideration, as well as your driving record and other personal details.
Comparison shopping can be a great way to save money on your Porsche car insurance policy, even if you’ve been with your current provider for a while. Use our free quote comparison tool to compare Porsche car insurance rates today.
Frequently Asked Questions
Will I be charged differently for car insurance on an older Porsche?
Yes, though it depends on whether or not your Porsche is classified as a classic vehicle. Classic cars tend to be more expensive the older they are, but a standard will usually have more affordable as it ages. Car value depreciates with age, which means that it’s less expensive to repair.
What is the most expensive Porsche to insure?
The 911 Carrera and the Turbo S are two of the most expensive models of Porsche to insure. The 911 Carrera will around $323 each month, while the 911 Turbo S will around $373 per month. While comparison shopping is suggested, State Farm and Farm Bureau offer the cheapest for these two models.
Is a Porsche Boxster expensive to insure?
This will depend on the age of your Boxster. On average, a full coverage car insurance policy will be around $242 each month on average, with State Farm offering the most affordable rate of $140 per month.
Are there any specific Porsche models that have lower insurance ?
Generally, less powerful Porsche models, such as the Boxster or Cayman, may have slightly lower insurance compared to the higher-performance models like the 911 or Panamera. However, insurance can still vary significantly depending on other factors.
Can I take any steps to lower my Porsche car insurance ?
Yes, there are a few strategies to potentially reduce your Porsche car insurance . Maintaining a clean driving record, opting for a higher deductible, bundling your Porsche insurance with other policies, and installing security devices in your vehicle are some common ways to lower insurance premiums.
Should I choose a higher deductible to lower my Porsche insurance ?
Choosing a higher deductible can help lower your insurance premiums, but it also means you’ll have to pay more out of pocket in the event of a claim. Consider your financial situation and the potential costs involved before deciding on a higher deductible.
Does the location where I live affect Porsche car insurance ?
Yes, the location where your Porsche is primarily driven and parked can impact insurance . Areas with higher traffic congestion, higher of theft, or a history of accidents may lead to higher insurance premiums.
Is a Porsche Macan expensive to insure?
A Porsche Macan is actually the cheapest Porsche to insure, although it will still be expensive.
Is maintaining Porsches expensive?
Porsches will be more expensive to maintain, as they are more expensive cars to purchase.
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Enter your ZIP code below to view companies that have cheap car insurance rates.
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Justin Wright
Licensed Insurance Agent
Justin Wright has been a licensed insurance broker for over 9 years. After graduating from Southeastern Seminary with a Masters in Philosophy, Justin started his career as a professor, teaching Philosophy and Ethics. Later, Justin obtained both his Property & Casualty license and his Life and Health license and began working for State Farm and Allstate. In 2020, Justin began working as an i...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.